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Side-by-side financial comparison of Jerash Holdings (US), Inc. (JRSH) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.

RE/MAX Holdings, Inc. is the larger business by last-quarter revenue ($71.1M vs $41.8M, roughly 1.7× Jerash Holdings (US), Inc.). Jerash Holdings (US), Inc. runs the higher net margin — 2.8% vs 2.0%, a 0.8% gap on every dollar of revenue. On growth, Jerash Holdings (US), Inc. posted the faster year-over-year revenue change (18.0% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-3.9M). Over the past eight quarters, Jerash Holdings (US), Inc.'s revenue compounded faster (39.1% CAGR vs -4.7%).

Jerash Holdings (US), Inc. is a global apparel manufacturer producing high-quality outerwear, sportswear, casual and performance apparel for renowned international retail and apparel brand clients. Its core markets cover North America, Europe and Asia Pacific, with manufacturing bases in Jordan and Southeast Asia.

RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.

JRSH vs RMAX — Head-to-Head

Bigger by revenue
RMAX
RMAX
1.7× larger
RMAX
$71.1M
$41.8M
JRSH
Growing faster (revenue YoY)
JRSH
JRSH
+19.9% gap
JRSH
18.0%
-1.8%
RMAX
Higher net margin
JRSH
JRSH
0.8% more per $
JRSH
2.8%
2.0%
RMAX
More free cash flow
RMAX
RMAX
$37.4M more FCF
RMAX
$33.5M
$-3.9M
JRSH
Faster 2-yr revenue CAGR
JRSH
JRSH
Annualised
JRSH
39.1%
-4.7%
RMAX

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
JRSH
JRSH
RMAX
RMAX
Revenue
$41.8M
$71.1M
Net Profit
$1.2M
$1.4M
Gross Margin
16.9%
Operating Margin
4.7%
13.1%
Net Margin
2.8%
2.0%
Revenue YoY
18.0%
-1.8%
Net Profit YoY
20261.5%
-75.2%
EPS (diluted)
$0.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
JRSH
JRSH
RMAX
RMAX
Q4 25
$41.8M
$71.1M
Q3 25
$42.0M
$73.2M
Q2 25
$39.6M
$72.8M
Q1 25
$29.3M
$74.5M
Q4 24
$35.4M
$72.5M
Q3 24
$40.2M
$78.5M
Q2 24
$40.9M
$78.5M
Q1 24
$21.6M
$78.3M
Net Profit
JRSH
JRSH
RMAX
RMAX
Q4 25
$1.2M
$1.4M
Q3 25
$461.6K
$4.0M
Q2 25
$318.7K
$4.7M
Q1 25
$-152.6K
$-2.0M
Q4 24
$-5.8K
$5.8M
Q3 24
$655.3K
$966.0K
Q2 24
$-1.3M
$3.7M
Q1 24
$-3.1M
$-3.4M
Gross Margin
JRSH
JRSH
RMAX
RMAX
Q4 25
16.9%
Q3 25
15.0%
Q2 25
15.4%
Q1 25
17.9%
Q4 24
15.2%
Q3 24
17.5%
Q2 24
11.3%
Q1 24
7.0%
Operating Margin
JRSH
JRSH
RMAX
RMAX
Q4 25
4.7%
13.1%
Q3 25
2.6%
25.0%
Q2 25
2.4%
19.3%
Q1 25
1.5%
7.2%
Q4 24
2.0%
5.9%
Q3 24
2.8%
19.4%
Q2 24
-2.0%
20.6%
Q1 24
-14.0%
5.8%
Net Margin
JRSH
JRSH
RMAX
RMAX
Q4 25
2.8%
2.0%
Q3 25
1.1%
5.4%
Q2 25
0.8%
6.4%
Q1 25
-0.5%
-2.6%
Q4 24
-0.0%
8.0%
Q3 24
1.6%
1.2%
Q2 24
-3.3%
4.7%
Q1 24
-14.3%
-4.3%
EPS (diluted)
JRSH
JRSH
RMAX
RMAX
Q4 25
$0.09
Q3 25
$0.04
Q2 25
$0.03
Q1 25
$-0.01
Q4 24
$0.00
Q3 24
$0.05
Q2 24
$-0.11
Q1 24
$-0.25

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
JRSH
JRSH
RMAX
RMAX
Cash + ST InvestmentsLiquidity on hand
$11.5M
$118.7M
Total DebtLower is stronger
$432.2M
Stockholders' EquityBook value
$63.6M
$452.4M
Total Assets
$84.2M
$582.5M
Debt / EquityLower = less leverage
0.96×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
JRSH
JRSH
RMAX
RMAX
Q4 25
$11.5M
$118.7M
Q3 25
$12.0M
$107.5M
Q2 25
$5.8M
$94.3M
Q1 25
$13.3M
$89.1M
Q4 24
$13.2M
$96.6M
Q3 24
$16.3M
$83.8M
Q2 24
$11.4M
$66.1M
Q1 24
$12.4M
$82.1M
Total Debt
JRSH
JRSH
RMAX
RMAX
Q4 25
$432.2M
Q3 25
$433.3M
Q2 25
$434.4M
Q1 25
$435.3M
Q4 24
$436.2M
Q3 24
$437.2M
Q2 24
$438.1M
Q1 24
$439.0M
Stockholders' Equity
JRSH
JRSH
RMAX
RMAX
Q4 25
$63.6M
$452.4M
Q3 25
$62.8M
$448.1M
Q2 25
$62.7M
$442.4M
Q1 25
$62.8M
$433.5M
Q4 24
$63.1M
$429.5M
Q3 24
$63.4M
$423.1M
Q2 24
$62.9M
$418.4M
Q1 24
$64.4M
$412.0M
Total Assets
JRSH
JRSH
RMAX
RMAX
Q4 25
$84.2M
$582.5M
Q3 25
$83.3M
$582.2M
Q2 25
$81.7M
$574.8M
Q1 25
$83.0M
$571.4M
Q4 24
$79.8M
$581.6M
Q3 24
$80.3M
$578.6M
Q2 24
$76.7M
$571.4M
Q1 24
$80.2M
$566.7M
Debt / Equity
JRSH
JRSH
RMAX
RMAX
Q4 25
0.96×
Q3 25
0.97×
Q2 25
0.98×
Q1 25
1.00×
Q4 24
1.02×
Q3 24
1.03×
Q2 24
1.05×
Q1 24
1.07×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
JRSH
JRSH
RMAX
RMAX
Operating Cash FlowLast quarter
$-3.8M
$40.9M
Free Cash FlowOCF − Capex
$-3.9M
$33.5M
FCF MarginFCF / Revenue
-9.3%
47.1%
Capex IntensityCapex / Revenue
0.2%
10.4%
Cash ConversionOCF / Net Profit
-3.25×
28.39×
TTM Free Cash FlowTrailing 4 quarters
$-2.9M
$56.8M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
JRSH
JRSH
RMAX
RMAX
Q4 25
$-3.8M
$40.9M
Q3 25
$6.8M
$17.7M
Q2 25
$-6.5M
$4.6M
Q1 25
$1.9M
$5.7M
Q4 24
$-3.0M
$59.7M
Q3 24
$4.6M
$17.6M
Q2 24
$-2.2M
$15.9M
Q1 24
$-5.4M
$9.4M
Free Cash Flow
JRSH
JRSH
RMAX
RMAX
Q4 25
$-3.9M
$33.5M
Q3 25
$6.4M
$16.4M
Q2 25
$-6.9M
$2.9M
Q1 25
$1.5M
$4.0M
Q4 24
$-3.2M
$53.0M
Q3 24
$4.4M
$16.3M
Q2 24
$-2.3M
$14.0M
Q1 24
$-5.8M
$6.8M
FCF Margin
JRSH
JRSH
RMAX
RMAX
Q4 25
-9.3%
47.1%
Q3 25
15.3%
22.4%
Q2 25
-17.5%
4.0%
Q1 25
5.1%
5.3%
Q4 24
-8.9%
73.2%
Q3 24
11.0%
20.8%
Q2 24
-5.7%
17.8%
Q1 24
-26.9%
8.6%
Capex Intensity
JRSH
JRSH
RMAX
RMAX
Q4 25
0.2%
10.4%
Q3 25
0.9%
1.8%
Q2 25
1.2%
2.2%
Q1 25
1.6%
2.3%
Q4 24
0.4%
9.1%
Q3 24
0.5%
1.7%
Q2 24
0.3%
2.4%
Q1 24
1.9%
3.3%
Cash Conversion
JRSH
JRSH
RMAX
RMAX
Q4 25
-3.25×
28.39×
Q3 25
14.72×
4.45×
Q2 25
-20.33×
0.97×
Q1 25
Q4 24
10.28×
Q3 24
7.06×
18.22×
Q2 24
4.29×
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

JRSH
JRSH

Segment breakdown not available.

RMAX
RMAX

Franchising Segment$50.1M70%
Broker Fees$13.9M20%
Annual Dues$7.4M10%

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